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BREAKING: 2012 Midwest Drought = Higher Food Prices Now!

 
Six Six Six
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07/17/2012 03:35 AM
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BREAKING: 2012 Midwest Drought = Higher Food Prices Now!
The drought will lead to higher supermarket prices for everything from milk to meat.

How high will depend on what happens with rain and high temperatures in the Corn Belt in the next few weeks.

"We're at the cusp of seeing how severely this is going to impact consumer prices," said Darrel Good, professor emeritus of agricultural and consumer economics at the University of Illinois at Urbana-Champaign.

The drought and heat, he said, have "already done permanent damage to the crops, but our concern is the outlook for the weather is not very good and we're expecting a further deterioration."

If that happens, he continued, "Prices will go up ever higher and have more severe and long-lasting impacts."


[link to www.sott.net]

pennywise

Last Edited by Six Six Six on 07/17/2012 03:38 AM
Biko
Six Six Six (OP)

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07/17/2012 04:21 AM
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Re: BREAKING: 2012 Midwest Drought = Higher Food Prices Now!
bump
Biko
av
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07/17/2012 04:25 AM
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Re: BREAKING: 2012 Midwest Drought = Higher Food Prices Now!
which should be interesting. with unemployment high and food stamps at record levels this could be the straw that broke the economies back.
Anonymous Coward
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07/17/2012 04:58 AM
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Re: BREAKING: 2012 Midwest Drought = Higher Food Prices Now!
here some farmers are cutting the corn down.
[link to wqad.com]
12.21.12

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07/17/2012 04:59 AM
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Re: BREAKING: 2012 Midwest Drought = Higher Food Prices Now!
it's only going to get worse
Anonymous Coward
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07/17/2012 06:45 AM
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Re: BREAKING: 2012 Midwest Drought = Higher Food Prices Now!
It's very difficult to get concerned about this issue, most of the affected area lies deep in red country, the same people who poo-poo climate change and laugh at dirty fucking hippies getting their heads smashed in for standing up to TPTB. The increased food prices will come more from transportation costs as we import from overseas and are a small price to pay to see red state ranchers driven to ruin.

If ever the daily bread doesn't fill my belly, I'll just savor the sweet, sweet taste of schadenfreude. Told ya so, bitches!

cruise
Anonymous Coward
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07/17/2012 07:30 AM
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Re: BREAKING: 2012 Midwest Drought = Higher Food Prices Now!
In one hour all plagues shall come upon her!
Anonymous Coward
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07/17/2012 07:34 AM
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Re: BREAKING: 2012 Midwest Drought = Higher Food Prices Now!
it's only going to get worse
 Quoting: 12.21.12


Yep. I'm not sure it's really reached the national consciousness yet though.
Blue Skies

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07/17/2012 08:15 AM
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Re: BREAKING: 2012 Midwest Drought = Higher Food Prices Now!
Its like the 1950's all over again.
:kitten on fence:
Anonymous Coward
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07/17/2012 09:19 AM
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Re: BREAKING: 2012 Midwest Drought = Higher Food Prices Now!
In one hour all plagues shall come upon her!
 Quoting: Anonymous Coward 19941313


Was that directed at me? Hours up, bitch. I do wish there was an emoticon that made that annoying Obama laugh featured in I, Pet Goat II. Your pleas to the angry god of Mount Ararat (a mountain I'm sure you've never been to) have gone unheeded once again.

Enjoy your little heatwave.

butt

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